Should You Be Buying or Selling in Bradenton?

Is it a buyer’s market or a seller’s market in the Bradenton area? The answer is both.

Overall, when you look at the larger numbers, the inventory levels are favoring buyers. In breaking down each individual house in each individual neighborhood, however, the market is favoring sellers.

If you’re in the lower price point (under $350,000) anywhere in the Manatee-Sarasota area, for instance, you’re very much going to be in a seller’s market. If your home is priced effectively and accordingly, it will sell very quickly. If you’re in a higher price point ($500,000 to $700,000) anywhere in Northwest Bradenton, you’re looking at about nine to 12 months of inventory, which makes it a buyer’s market.

Is it a buyer’s or seller’s market? The answer is both.

Whether you’re buying or selling, it’s important that you look at your price point and your neighborhood to find out which market applies to you. If you’re a seller, you need to do the updates and upgrades and price effectively and accordingly. If you’re a buyer, you need to do your homework regarding inventory. The good news for buyers is that there is more inventory coming up, so you will have more choices and more opportunities to make a better deal.

With that being said, the market is slowly starting to favor buyers. Houses will still sell, but you have to provide the best value if you want yours sold in a timely manner. If you have any other questions about our real estate market, give us a call or send us an email. We look forward to hearing from you!